XRP’s Price Trajectory: What’s Next for This Crypto?
Currently, the worth of XRP is stabilizing barely above $2.26 after facing resistance near the $2.40 liquidity zone. On the each day chart, XRP’s price motion is navigating through a big symmetrical triangle, with each trendlines inching closer to convergence. As the volatility narrows, there’s been a 165% uptick in derivatives volume, and funding rates have turned positive, hinting at a possible for a big breakout.
Understanding the Current XRP Price Movements
Since reaching a high of $3.32 in March, XRP has been moving inside a symmetrical triangle. The descending upper trendline has been keeping the worth motion below the $2.40–$2.50 resistance area. However, the ascending lower trendline, rooted from January’s lows, is providing strong dynamic support above $2.05.
Right now, XRP is consolidating just under a big high-volume node, as seen on the amount profile chart. The price often revisits the $2.18–$2.26 range, a zone where previous Change of Character (CHoCH) signals have appeared. If XRP manages a each day close above $2.40, it could break the long-standing consolidation, potentially aiming for targets between $2.75 and $3.00. On the flip side, failing to take care of above $2.18 might result in a revisit of the support range between $2.05 and $1.95.
The post titled “XRP (XRP) Price Prediction for July 8” was originally published on Coin Edition.
Image Credit: cryptorank.io
